(July 13, 1989) The world in general, and the Thrid World in particular, is in a sorry state if it “needs” the debt crisis to solve its environmental problems.
Other News Sources
Canadian-financed dam uproots 25,000 without fair compensation
(April 17, 1989) In reference to Paul Knox’s March 9 column on Canada and the World Bank, I would like to correct the mistaken notion that the Canadian government is being secretive in its relations with the bank.
(March 9, 1989) As Latin Americans struggle to revive their stalled hopes of progress, it is becoming clear that they will achieve little unless the world’s economic powers offer them concerted help.
(March 9, 1989) The Canadian public has no right to know how Canada will be voting on a controversial, $500 million US loan to Brazil that will speed rainforest destruction, according to Michael Wilson, Canada’s governor to the World Bank, in a recent letter to Probe International.
(March 1, 1989) In yet another sign that China has lost control over its intellectuals, a group of journalists banded together, yesterday to launch a campaign against a major government project: the massive dam proposed at the Three Gorges of the Yangtze River.
(February 16, 1989) IBRD Articles of Agreement require the bank to “make arrangements to ensure that the proceeds of any loan are used only for the purposes for which the loan was granted.” World Bank
Petro-Canada is threatening rainforest species – and native communities – with extinction.
(December 6, 1988) The FCPA prohibits corrupt payments to foreign officials for the purpose of obtaining or keeping business. The Department of Justice is the chief enforcement agency, with a coordinate role played by the Securities and Exchange Commission (SEC).
(October 18, 1988) Held: (a) In respect of the Banking Transactions: That the Costa Rican Law of Nullities, which in effect relieved Costa Rica of any obligations in respect of these transactions, did not constitute an international wrong. The transactions in question, which in themselves did not constitute transactions of an ordinary nature and which were ” full of irregularities,” were made at a time when the popularity of the Tinoco Government had disappeared, and when the political and military movement aiming at the overthrow of that Government was gaining strength.
(September 27, 1988) Wilson began by saying that the Bank should make more information available about the environmental impacts of its activities. Specifically, he wants it to prepare “a comprohensive annual report on the environmental aspects of its operations…”
(July 20, 1988) Wei Guangming sat in a third – class cabin of a boat passing through the Yangtze River’s famous Three Gorges and reflected on the possibility that the may be flooded forever.
Canada’s engineering giants are vying to flood 1,000,000 Chinese off their land. With Canadian foreign aid, they may succeed.
(July 31, 1987) One of the advanatges the World Bank has over most of us is that it is so huge and so complicated – some would say byzantine – that most eyes simply glaze over at the mention of it.